TD Asset Management Inc. Buys 89,452 Shares of Noble Energy Inc. (NBL)

TD Asset Management Inc. increased its stake in shares of Noble Energy Inc. (NYSE:NBL) by 55.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,081 shares of the oil and gas development company’s stock after buying an additional 89,452 shares during the quarter. TD Asset Management Inc. owned 0.05% of Noble Energy worth $7,149,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Cadence Capital Management LLC grew its stake in Noble Energy by 1.0% in the 2nd quarter. Cadence Capital Management LLC now owns 15,922 shares of the oil and gas development company’s stock valued at $451,000 after purchasing an additional 163 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Noble Energy by 3.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,135 shares of the oil and gas development company’s stock valued at $259,000 after purchasing an additional 293 shares during the period. Energy Opportunities Capital Management LLC grew its stake in Noble Energy by 0.4% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 68,867 shares of the oil and gas development company’s stock valued at $1,949,000 after purchasing an additional 305 shares during the period. Investment Management of Virginia LLC grew its stake in Noble Energy by 0.3% in the 2nd quarter. Investment Management of Virginia LLC now owns 122,336 shares of the oil and gas development company’s stock valued at $3,462,000 after purchasing an additional 407 shares during the period. Finally, Gofen & Glossberg LLC IL grew its stake in Noble Energy by 5.3% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 9,129 shares of the oil and gas development company’s stock valued at $258,000 after purchasing an additional 456 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

In other Noble Energy news, Director Thomas J. Edelman sold 300,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $27.83, for a total value of $8,349,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Craddock sold 18,787 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.57, for a total value of $536,744.59. Following the completion of the sale, the director now directly owns 114,226 shares in the company, valued at approximately $3,263,436.82. The disclosure for this sale can be found here. Company insiders own 2.28% of the company’s stock.

A number of research analysts have issued reports on the company. Barclays upped their price objective on Noble Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Jefferies Group downgraded Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research note on Monday, October 9th. BMO Capital Markets set a $33.00 price objective on Noble Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies restated a “buy” rating on shares of Noble Energy in a research note on Sunday, August 20th. Finally, Royal Bank Of Canada set a $37.00 price objective on Noble Energy and gave the company a “buy” rating in a research note on Sunday, October 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $40.60.

Shares of Noble Energy Inc. (NYSE NBL) traded down $0.16 on Tuesday, reaching $26.84. The company had a trading volume of 4,080,700 shares, compared to its average volume of 5,142,619. Noble Energy Inc. has a twelve month low of $22.99 and a twelve month high of $42.03. The stock has a market cap of $13,138.40, a PE ratio of 112.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95.

Noble Energy (NYSE:NBL) last released its quarterly earnings results on Monday, October 30th. The oil and gas development company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.11. Noble Energy had a positive return on equity of 1.06% and a negative net margin of 45.85%. The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $961.61 million. During the same quarter last year, the firm posted ($0.07) EPS. The company’s revenue was up 5.5% compared to the same quarter last year. research analysts predict that Noble Energy Inc. will post -0.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were issued a $0.10 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. Noble Energy’s payout ratio is currently -10.03%.

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Noble Energy Company Profile

Noble Energy, Inc is an independent energy company. The Company is engaged in crude oil, natural gas and natural gas and natural gas liquids (NGLs) exploration, development, production and acquisition. The Company’s segments include: United States, including the onshore DJ Basin, Permian Basin, Eagle Ford Shale, Marcellus Shale and offshore deepwater Gulf of Mexico, as well as the consolidated accounts of Noble Midstream Partners LP (Noble Midstream Partners); Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea, Cameroon and Gabon, and Other International and Corporate, including new ventures, such as offshore the Falkland Islands, Suriname and Newfoundland.

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Institutional Ownership by Quarter for Noble Energy (NYSE:NBL)

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